It’s not what you don’t have, it’s what you think you need that keeps you from being successful.
While we are on the subject of fictional stories, the Three Little pigs is a rather fitting tail that relates to the results we get in life.
In this classic tale each pig was in need of a home, though went about building one in fundamentally different ways. Sadly only one chose a way that gave them the security that each one was seeking and it was a way that took more effort to build.
Likewise, everyone needs income and there are fundamentally different way to go about building it.
Society tells us to get a job or go to college and get a career. Which is much like building our homes of straw and twigs. It is what the majority of the pigs (or society) thought they needed to survive.
The pig that truly built a secure home sought the extra knowledge and took the extra time needed to make his of stone. It is much the same way when building a business versus taking the easy way to find a job.
Might starting a business be harder and take longer to build? Probably, but far more rewarding. Building a business takes a mindset shift.
Typical Wages mindset: What can I put up with while putting in as little effort as possible that I can get the most amount of pay for? What will my work of today get me in a week or two (a paycheck)? Will my family be able to survive on this?
Typical business mindset: What talents do I have and problems can I solve? What’s something I love doing that will be of service and benefit to others? What affects will this have on life in one two or ten years down the road? Will doing this meet the dreams and goals of my family?
While we all need income, how we go about bringing it in makes all the difference as to how much of it we have. In America we are raised like sheep to go out and get a job and that is what most people think they need. It is also one of the things that keeps them from finding true success.
Profits vs. Wages
It is through serving other people that money comes into our life and when it comes to increasing income, I am reminded about some powerful lessons I learned from Jim Rohn. He taught success isn’t the result something you do “Success is what you attract by the person you become.” He mentioned a truth that “your finances can’t improve any faster than you do”.
He was big into network marketing, which is not one of my personal passions, but side-stepping that, he taught some universal truths. He opened my mind to the difference between profits and wages. Earning wages there is only so much you can do to increase what you bring in:
- If your employer will allow it, you can work overtime;
- You can approach your boss and ask for a raise;
- You can get a second job;
- You can seek a different job which pays more;
Sadly, with each of these you are simply trading your time and efforts for a set amount. Which adds to the problem that there is only so much time we have in our lives.
So here’s one of the lessons I walked away with. “Profits are better than wages!” How long does it take to make a profit? He said “a little time and ingenuity and you are on your way”. And what are your limits with profits? You are limited only by your creativity and willingness to learn and put things into action.
Now that you Know that profits are the best way to earn money, also understand that money is simply a reflection of value and the amount you make in your personal life (or in your business) is always going to be directly related to three areas:
Number 1- Your mindset (what you think about, how you think about it, and the decisions you make from it).
Number 2- Your marketing (whether in your own business or just how you market yourself).
Number 3- Your Sales (your ability to enroll others into the value you have to offer).
Can’t find a job? Challenge yourself to create one for yourself,” Robert Kiyosaki says. “Want to start generating passive income and building assets? Do it! Find a mentor. Start a blog or podcast. Write an e-book. License your killer salsa recipe. Or join a network marketing company. You’re smart and creative and talented … so use those talents.
Robert Kiyosaki teaches that while there’s nothing wrong with working for a paycheck, it probably isn’t the best path to creating the peace of mind that so many overworked, super-stressed people sorely need. He also teaches that the rich think about money differently and have a different vocabulary.
So, since we know that wages are not ultimately the best source of income, then the question must be asked… How do you turn a profit? There are many ways, but I will stick to a few simple categories here.
Ways Of Earning Profits
- Earning a commission from someone purchasing something.
This can either fall into the category of “building a business” or “working for someone” by becoming a salesman.
In building a business you can again take this a few directions by either becoming a drop shipper, earn commissions through affiliate marketing, or (something I only suggest in a few unique situations) you can even join a network marketing company.
- Purchasing or Building a Business.
Starting your own business allows you to tap into your passion and live life with purpose.
By using unique gifts that only you have, you improve your quality of life and, in turn, make the world a better place.
- Earning money from an Asset.
I suggest adding this after finding success through your business as it will fund it. I would alter that only if your business you build is in real estate investing in which case you will be able to build both at once.
Since my goal is to get you on a great path with as little of an investment as possible; for now we will bypass everyone’s “favorite career path” of becoming a salesman, or a network marketer trying to learn how to write a book on how to “loose friends and alienate people”, and get straight to some good stuff…owning and building your own business.